treasury bills Current Affairs, GK & News

‘RBI Retail Direct’ scheme- Highlights

Reserve Bank of India (RBI) introduced “RBI Retail Direct facility” scheme on July 12, 2021. What is Retail Direct Scheme? RBI’s Retail Direct Scheme is a one-stop solution to facilitate investment in Government Securities (G-Sec) by individual investors. Under this scheme, retail investors will be provided a facility to open and maintain Retail Direct Gilt ..

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RBI to conduct simultaneous purchase & sale of govt securities under OMO for Rs 10,000 crore

The Reserve Bank of India (RBI) have decided to conduct simultaneous purchase and sale of government securities under the Open Market Operation (OMO) for Rs 10,000 crore. Key Facts Simultaneous purchase and sale of government securities under OMOs is known as Operation Twist. Under the operation, the short-term securities are transitioned into long term securities. ..

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